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Wolff thinks Andretti needs $1bn to enter F1

2021 Azerbaijan Grand Prix, Friday – Steve Etherington. Credits: Mercedes.

Toto Wolff spoke about Andretti’s recent announcement that they want to fill an F1, stating much more is needed than only paying the entry fee.

Andretti has the intention of joining Formula 1 in the near future. The entry fee for new teams is of $200 million – something easily affordable for the prestigious brand.

However, Wolff believes Andretti needs to do a bigger investment in the good interest of Formula 1 – stating that only paying the entry fee won’t be enough.

“Every team that is joining needs to add value. It’s not only by paying a $200m entry fee but it needs to demonstrate in my opinion what it can do for all the other teams and for Formula 1 and the FIA. Only then the sport will grow.

“We are the absolute pinnacle, this is the Champions League or the NFL. And redistributing franchises on the go is not how it should be. It’s not the intention of F1 and the FIA either.

“But if a real brand with good people, necessary funding, not only the $200m but probably you need more around $1bn if you want to play in this club straight from the get-go – then why not?”

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